/biz/ - Business & Finance

[Anonymous No.19502168]

I know 90% of this board is professional to amateur astroturfing pajeets and pennystock bullshit, but let's talk seriously about cryptocurrency for a second.
https://www.cnbc.com/2019/03/22/majority-of-bitcoin-trading-is-a-hoax-new-study-finds.html
How do you cope with knowing that the vast majority of crypto volume is a fucking sham? How could anyone ever take this market seriously when it's so obviously manipulated?
>inb4 well so is the stock market!
Sure, HFTs and stock algos are rampant, but the entire point of crypto is to disrupt that shit and provide good services that people can use.
tl;dr is crypto all just bullshit speculation to you?

[Anonymous No.19502295]

>>19502168
how about they conduct a study on how legitimate the stock market is?
Or a study on how legitimate the the precious metal market is?
Why stop there? Let's study the legitimacy of modern fiat currencies, and the auto industry

[Anonymous No.19502453]

Or check the Gold and Silver Manipulation.
Anyplace where money can be made. People will try to manipulate more to earn more.

I would interpret this different. We are apparently even earlier than i thought. If only 5% is real volume. That is already an easy 20x growth.

[Anonymous No.19502563]

This is why there are so many utterly pointless coins like Dash and Tron that have 9 figure market caps.

[Anonymous No.19502774]

>>19502563
This is really bothersome: even looking at the top 10 coins, all with a market cap of at least 2.5b. when was the last time you, me, anyone on this board, or anyone you know actually USED these coins for something?

the market cap of Wendy's, a national food chain with massive adoption, is 4.9b. That would put it between XRP and BCH on the crypto charts. clown world

[blah No.19502875]

>>19502774
I use them to make more money everyday.

checkmate.